Gen Combo Ll Financial Accounting Fundamentals; Connect Access Card
Gen Combo Ll Financial Accounting Fundamentals; Connect Access Card
7th Edition
ISBN: 9781260581256
Author: John Wild
Publisher: McGraw-Hill Education
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Chapter C, Problem 15QS
To determine

Return on Total Assets:

The return on assets is the return earned on the amount invested in assets. The return on assets is also known as the return on investment. In getting income individual or company will invest money; the ultimate aim is to earn a good return on the amount invested.

1.

To identify: The formula to separate return on total assets into its two basic components

2.

To determine

To explain: The component of return on total assets is useful for the financial statement users to take business decision.

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